Staying in control of your project’s progress is vital to keep it on schedule and to budget. With so many moving parts and dependencies to consider, construction project monitoring can be challenging to achieve. Leveraging professional expertise when it comes to monitoring and project evaluation.
What is Project Monitoring?
Project Monitoring is the process of protecting the interests of the client from risks associated with a project which aren’t directly within their control. Construction is a high-risk industry that comes with many unforeseen factors, from unexpected costs and material shortages to labour issues, which can put the viability of your project into uncertainty.
Project Monitoring can alleviate these concerns. This is a much misunderstood and undervalued service that is both separate and distinct from either Project Management or Construction Management respectively. It is also known as Development Monitoring or Fund Surveying.
Commercial Project Monitoring for a Host of Industries
Our project management services are carried out on behalf of a range of client types, however, they can be broadly categorised into the following:
- Funding institution/Institutional investor, who will own the development upon completion
- Tenant or purchaser which, depending upon the nature of the scheme, enters into an Agreement to Lease or purchase of the development or part of upon completion
- Bank or other development finance company who provide finance during the development. In this scenario, their involvement ceases upon completion of the scheme
What does the Project Monitoring Surveyor do?
In effect, the project monitoring role is to act as the ‘eyes and ears’ of the client during the development process.
Your project monitoring surveyor assesses the project throughout its progression in a way that is both independent and impartial. They generally adopt a proactive rather than reactive approach, providing a form of ‘early warning system’ for the client by anticipating potential issues which may affect the project delivery. For this reason, a project monitoring surveyor can also be of value to the developer, as they can help ensure there is better-informed decision-making.
Depending upon the nature and type of instruction, issues that the project monitor would comment and advise on include:
- Land and property acquisition
- Statutory consents relating to the scheme
- Construction agreements between the relevant parties
- Costs/finance appraisals
- Programme (both overall development and construction)
- Overall design
- On site construction quality
There are many advantages of instructing a Project Monitoring Surveyor, including:
- Improved risk management
- Improved financial management
- Improved programme management
- Increased quality management (throughout the development and not just during the construction phase)
- Providing a platform for more informed decision process
Why Choose Us?
Bradley-Mason LLP offers a range of management services for clients building portfolios across the UK. With many years of experience, our Project Management team can ensure that whatever your requirements, we will provide expert advice and assistance whatever your business project.
Working closely with our clients throughout the entire project monitoring process, we endeavour to understand various operational requirements to ensure that you receive the best support possible for your project. Our approach is based upon a proven methodology that addresses the needs of the project throughout its life cycle, setting out a framework of controls that can be applied to ensure its successful completion.
We have a proven track record of delivering projects within both the public and private sectors including education, health, heritage, transport, residential, retail and commercial schemes.
Our offices are strategically located across the UK, so we can offer commercial building surveying services to businesses and individuals in a host of locations including London, Manchester, Bristol, Leeds and Liverpool, to name just a few. Contact us today to find out more.
Frequently Asked Questions
What is the difference between project monitoring and project management?
Project monitoring provides oversight to ensure goals, timelines and processes are adhered to through regular tracking and analysis of progress and metrics. Project management involves actively planning, budgeting, organising and managing all aspects of a project. While project managers execute, project monitors take on a more observational role to keep the project running smoothly.
What are the benefits of project monitoring?
There are several benefits to project monitoring, including identifying issues early before they escalate, driving process improvements through metric analysis, enhancing accountability through progress tracking, optimising performance over time, and giving stakeholders confidence in progress through regular oversight and reporting.
Why do I need a project monitor?
A dedicated project manager provides comprehensive, regular oversight from an unbiased, objective perspective focused solely on auditing project execution. Their specialised expertise in project management and technical requirements allows them to identify potential issues and advise on corrections to keep projects on track. This frees up project managers to focus on day-to-day execution.
Contact our team today to find out more about our Project Monitoring services.
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